Housing sector without Fannie and Freddie is possible, regulator says

07/2/2010 | CNBC

Edward J. DeMarco, director of the Federal Housing Finance Agency, offered a number of scenarios for the future of the U.S. housing sector, including one without Fannie Mae and Freddie Mac. DeMarco said another scenario could include Fannie and Freddie, but the mortgage giants would no longer be dependent on the government. However, he warned that infrastructure must be developed that would allow private firms to re-enter the mortgage market.

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